Vinted Group Unveils Vinted Ventures to Accelerate Startups In The Re-commerce Market

The goal is to boost re-commerce and help change consumer habits toward buying used instead of new.

Vinted started in Lithuania in 2008 and became the country’s first unicorn in 2019. It’s still based in Vilnius, with offices in Germany and the Netherlands, and has over 2,200 employees.

Vinted Ventures will invest in startups at the Series A to C stage, with funding between €500,000 and €10 million. Along with funding, startups will get advice and support from Vinted’s expert team to help them grow and deal with challenges.

According to Milda Jasaitė, Senior Director of Corporate Development at Vinted, Vinted Ventures supports ambitious founders whose products and services solve real problems and are ready to define the next frontier of how people buy, sell, and value the things they own.

“We look forward to working closely with the future generation of innovators to change consumption habits and drive long-term success.”

Thomas Plantenga, CEO of Vinted, said:

“Vinted is proof that it’s possible to successfully scale a tech business that’s both impactful and financially solid.

The re-commerce space has enormous potential, hence we are excited to invest in and grow startups that will ultimately benefit the wider market. “

About Vinted

Vinted Marketplace is the largest online platform in Europe for people to buy and sell second-hand fashion. It has millions of members and is active in over 20 countries across Europe and North America.